FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
More States Adopt Advisor CE Requirements
By Thomas D. GiachettiWhile many jurisdictions have adopted rules similar to the NASAA model rule, rules vary from state to state.
August 29, 2022
Barred Broker Sentenced to 7 Years for FraudMichael Francis Shillin's pretrial probation was revoked after he took an unauthorized Caribbean trip.
August 23, 2022
Leader of $310M Ponzi Scheme Involving Hundreds of Advisors Gets 10 Years in PrisonScott Kohn conspired with a vast network of advisors and agents to scam veterans and retirees, DOJ said.
August 17, 2022
MassMutual BD Fined $250K, Ex-Broker Barred for FraudRegulators in Massachusetts say MLS Investment Services failed to supervise Charles Evan, who pressured clients into buying unsuitable insurance products.
August 12, 2022
LPL Fined $300K Over Client-Reserve ErrorsThe firm's mistakes resulted in two deficiencies totaling about $162 million, FINRA says.
August 11, 2022
Barred Broker Sentenced to 5 Years in Prison Over $7M Ponzi SchemeThe ex-broker used clients' funds on credit card and country club payments, as well as Red Sox tickets.
August 10, 2022
Morgan Stanley Sued by Ex-Broker Over Arb AwardThe firm's former registered rep alleged he was wrongfully terminated and defamed by the wirehouse.
August 09, 2022
Wells Fargo Wins Appeal in FINRA Arb Case"Nothing indicates that Wells Fargo manipulated the arbitrator pool," the appeals court in Georgia ruled.